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IDBI Bank shares crash 11% amid price concerns as Fairfax deal moves closer

IDBI Bank shares fell sharply as investors focused on Fairfax Financial Holdings’ reported Rs 81-per-share offer for a 60.72% controlling stake. The proposed Rs 53,000-crore deal and potential CSB Bank merger are key developments for investors.

The Economic Times

LIC expects no immediate government stake sale, eyes long-term growth: CEO

LIC does not expect the government to sell another stake in the insurer in the immediate future, CEO R Doraiswamy said. The state-owned insurer will focus on long-term investments, technology, simplifying claims and expanding protection and retirement products as it seeks wider insurance coverage.

The Economic Times

Jio, NSE IPOs: Do marquee IPOs really deliver big listing-day gains?

The anticipated IPOs from Jio and NSE are under the microscope as experts examine their potential for listing-day profits. Historical data from past mega IPOs reveal a mixed bag in terms of performance, with certain offerings incurring losses. The success of these upcoming stocks will hinge on precise pricing and…

The Economic Times

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LIC, HDFC Life, other stocks rise up to 3% as Aug new business premium jumps 33% YoY. What Nuvama, others are saying

Life insurers reported a 33% YoY increase in total new business premium to Rs 41,198 crore in August, led by a sharp rise in group single-premium business. LIC posted more than 45% growth, while SBI Life and HDFC Life saw stronger retail-weighted premium growth.

The Economic Times

ICICI Bank shares in focus as LIC gets RBI nod to acquire 9.99% stake in private lender

ICICI Bank shares will be in focus after RBI approved LIC to acquire up to 9.99% in the lender within one year. LIC already holds over 4%. Despite recent weakness, ICICI Bank has gained 6% in 2026, with strong long-term returns. Major brokerages remain bullish on the stock.

The Economic Times

SBI to hire 12,000 personnel, add 250 branches during FY27: Chairman Setty

State Bank of India plans to hire approximately twelve thousand personnel this financial year. The bank also intends to expand its network by adding around two hundred fifty new branches. SBI and its subsidiary will dilute up to one percent stake in the National Stock Exchange. This divestment is part…

The Economic Times

Curb misselling, not agents: Insurance reform needs a scalpel, not a hammer

Indian insurance regulators are rethinking intermediary payment structures to reduce misselling. Proposed reforms aim to lower distribution costs and improve policyholder value. However, these changes could negatively impact individual agents who reach uninsured populations. Banks, which also engage in misselling, may be less affected by the reforms. Sharper tools like…

The Economic Times

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Insurer can't reject claim if alcohol habit disclosed before policy purchase: Consumer commission

A consumer commission ordered Edelweiss Tokio Life Insurance to pay over fifty lakh rupees. The company rejected a widow's claim despite disclosed alcohol consumption by her husband. Hypertension and diabetes were also noted as lifestyle diseases by the commission. The insurer was found guilty of deficiency in service for rejecting…

The Economic Times

LIC launches two new plans: LIC’s Bima Platinum and LIC’s Jeevan Raksha; Check details

New LIC plans: Today, Life Insurance Corporation of India has unveiled two innovative insurance plans designed to meet diverse needs. LIC's Bima Platinum focuses on providing savings alongside financial protection, featuring guaranteed additions. On the other hand, Jeevan Raksha offers essential risk coverage for families facing unexpected death.

The Economic Times

Huge growth opportunity as rising incomes, longevity fuel insurance demand: LIC CEO

India's insurance sector anticipates strong demand for protection and savings products. LIC aims to adapt its distribution and product mix for a digital market. The company is enhancing its product portfolio and improving technology for better customer experience. LIC also focuses on asset management to provide competitive returns amid economic…

The Economic Times

What a Government Salary Teaches About Frugality, Savings, and Financial Stability

The Fixed Ceiling Is the Whole LessonA Grade B central government employee in India earns somewhere between ₹35,000 and ₹55,000 a month at entry level, with increments that move on a schedule, not on performance. There is no bonus quarter. There is no stock option. The number arrives on the…

Times Life

7 of top 10 firms shed Rs 1.13 lakh cr in m-cap; Airtel, Reliance worst hit

Last week observed a notable decline in market valuations, with seven out of the ten top firms witnessing a reduction of Rs 1.13 lakh crore. The greatest impact was felt by Bharti Airtel and Reliance Industries, linked to concerns over global interest rates and geopolitical instability. Nonetheless, there was robust…

The Economic Times

Govt achieves 78 pc of FY27 divestment, asset monetisation Budget target in Apr-Aug

The government has achieved about 78% of its ₹80,000-crore FY27 disinvestment and asset monetisation target within five months. It has raised ₹62,124 crore so far, led by a ₹31,515-crore LIC stake sale, while the strategic sale of IDBI Bank remains on the table.

The Economic Times

Hindustan Copper OFS opens for retail investors. Should you apply in the metals major's offer?

The OFS opened for non-retail investors on August 4, and saw strong participation. It now opens for retail investors today. Investors can participate between 9.15 am and 3.30 pm using the separate OFS window on NSE and BSE. A minimum of 10% of the offer size has been reserved for…

The Economic Times

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The Economic Times

LIC gets RBI nod to raise stake in HDFC Bank to nearly 10% from 4.11%

Life Insurance Corporation of India received approval from the Reserve Bank of India. This allows LIC to increase its stake in HDFC Bank to 9.99 percent. Currently, LIC holds 4.11 percent of HDFC Bank's total share capital. The approval grants LIC flexibility to raise its investment in the lender. This…

Newslaundry

WaPo story on Adani: Gujarat cops search journalist Ravi Nair’s residences in Kerala and Delhi

On the afternoon of August 17, 2026, officials from the Gujarat police conducted parallel searches at two homes of journalist Ravi Nair in Kerala and Delhi. They seized two of Ravi’s mobile phones from his residence in Kerala. At Ravi’s Delhi residence, law enforcement officials took his son’s laptop, as…

The Economic Times

Mcap of five of top-10 most valued firms erodes by Rs 1 lakh cr; TCS takes biggest hit

Last week witnessed a drastic shift in the market, with five leading Indian firms losing a collective Rs 1 lakh crore in valuation. Tata Consultancy Services faced the brunt, seeing its market cap plummet the most. In contrast, five other companies thrived, experiencing notable valuation gains. Despite this volatility, Reliance…

The Economic Times

Independence Day 2026: The companies India built for business backbone enter a new chapter

2026 Independence Day: India's public sector, initially built for industrial necessity, is now undergoing a significant transformation. The government is increasingly selling stakes in state-owned companies to raise capital. This shift reflects a changing role from direct ownership to strategic shareholding. Public sector enterprises remain vital in key strategic and…

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Times Life

Term Insurance vs Endowment Plans: What Every Indian Must Know Before Buying a Policy

The Coverage Gap Nobody Talks About at the Time of PurchaseA 32-year-old earning Rs 12 lakh a year buys an endowment plan with a sum assured of Rs 10 lakh. The premium is Rs 40,000 a year for 20 years. The family feels protected. They are not. Ten lakh rupees…

The Economic Times

Ahead of Market: 10 things that will decide stock market action on Wednesday

Indian equities declined as rising crude prices and a weaker rupee weighed on sentiment. Sensex fell 388 points and Nifty 112 points, while analysts flagged 24,400 as key support amid geopolitical risks and upcoming inflation data.

The Economic Times

Ahead of Market: 10 things that will decide D-Street action on Monday

Indian benchmark indices closed lower on Friday as closing auction sessions caused divergence between Sensex and Nifty. While Sensex fell 456 points, Nifty dropped 65 points. Market sentiment remained cautious amid Middle East tensions and crude oil volatility, though strong SBI earnings provided underlying banking sector support.

The Economic Times

Mcap of four of top-10 most valued firms jumps Rs 1.43 lakh cr; State Bank biggest winner

In a notable surge, four leading Indian corporations experienced an impressive rise in market valuations, totaling Rs 1.43 lakh crore. The State Bank of India led the charge, boosting its valuation by Rs 63,922 crore. Other notable gainers included Reliance Industries, TCS, and Larsen & Toubro, while LIC, Bajaj Finance,…

The Economic Times

LIC gains 3% after Q1 earnings. Here's what Morgan Stanley and Motilal Oswal recommend

LIC shares rose 2.5% after the state-owned insurer reported a 23% year-on-year jump in Q1 standalone net profit to Rs 13,492 crore, while net premium income grew 7% to Rs 1.27 lakh crore. LIC also retained its leadership in the domestic life insurance market, with a 60.1% share of first-year…

The Economic Times

Stocks in news: LIC, Trent, AWL Agri Business, SBI, Titan

Indian markets experienced a quiet day of trading on weekly expiry, influenced by varying signals. LIC announced a remarkable 23% increase in its net profit year-on-year, while Trent reported a solid 21% growth in consolidated net profit. PNB Housing is optimistic about its micro-housing loan business aiming for Rs 100…

The Economic Times

Ahead of Market: 10 things that will decide stock market action on Friday

Indian markets found support from easing crude oil prices and the RBI's stable policy outlook despite range-bound trade. Analysts said Nifty holding above 24,600 keeps bullish momentum intact, with improving earnings expectations and stock-specific buying supporting broader market resilience.

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